Spring Hills Homes Inc

Analysis

Spring Hills Homes Inc is a registered charity in United States, based in Jasper, AL. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Spring Hills Homes Inc reported income of $66k and spending of $81k, spending 123% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $65k to $66k (+2.3%), an average of +2.3% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spring Hills Homes Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within AL. Charities of a similar size with the same main cause include Community Apartments Corporation of Cleveland County No 2 ($66k), Meadowlark Housing Inc ($66k) and Slotnick Korelitz Charitable Trust ($66k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $319k against liabilities of $734k, net assets of -$415k.